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MIPRU TP 1 Transitional Provisions

MIPRU TP 1.1

(1)

(2) Material to which the transitional provision applies

(3)

(4) Transitional provision

(5) Transitional provision: dates in force

(6) Handbook provision: coming into force

11

MIPRU 4.4.4 R and MIPRU 4.4.8 R (3)

R

[expired]4

4
4 4

2

MIPRU 5.2.2 R and MIPRU 5.2.4 R

R

[expired]5

25
25 35

33

MIPRU 3.2.7 R

R

[deleted]

64

MIPRU 1.3.2 R and MIPRU 1.3.4 R

R

A firm to which MIPRU 1.3.2 R will apply from 21 March 2016 may elect to comply with MIPRU 1.3.2 R from 21 September 2015.

If a firm elects to comply with MIPRU 1.3.2 R, it must also comply with MIPRU 1.3.4 R.

21 September 2015 to 20 March 2016

21 March 2016

75

MIPRU 2.2.1BR(2)(b) and MIPRU 2.2.1BR(2)(c) (c)

R

If a Directory person does not submit a Directory person report, a notification must be made in a way set out in MIPRU 2.2.1BR(2)(c).

1 October 2020 to 31 March 2021

1 October 2020

86

MIPRU 3.2.7R

R

The new limits of indemnity apply to a professional indemnity policy or a comparable guarantee agreement commenced, renewed or extended with effect from or after 1 August 2021. Any other existing non-annual arrangements must be aligned with the new limits of indemnity before 1 August 2022.

1 August 2021 to 31 July 2022

1 August 2021